WHAT IS NATIONAL PENSION SCHEME (NPS)
The National Pension System (NPS), is a voluntary, long-term investment plan. It is open to all employees across the public, private, as well as unorganized structure, except those from the Armed Forces.
The NPS is designed to enable its subscribers to secure their post-retirement future by systematic and periodic savings throughout their working years. Under the pension scheme, the subscriber's contributions are invested in market-lined instruments like debt and equity. The returns on these investments are dependent upon their performance in the market.